Bitcoin (ETFs) are witnessing inflows of about 440 million dollars

Bitcoin exchange-traded funds (ETFs) on the US stock market have demonstrated remarkable performance, achieving nine consecutive days of positive inflows as of December 10.

According to data from the SoSoValue platform, the twelve leading Bitcoin ETFs collectively attracted around $439.56 million in inflows on December 10, maintaining a robust trend of inflows that have now lasted nine days. Over this period, the total inflows surpassed $4 billion, indicating substantial investor confidence in Bitcoin's market performance.

The standout performer was BlackRock's IBIT fund, which secured inflows of approximately $295.63 million, solidifying its dominance in the market for eight consecutive days. Following closely was Fidelity's FBTC fund, with $210.48 million in inflows. Additionally, the ARKB fund managed by ARK 21Shares, the Grayscale Bitcoin Mini Trust, and the DEFI fund from Hashdex saw contributions of around $5.77 million, $6.42 million, and $1.1 million, respectively.

Nevertheless, not all funds experienced inflows. Grayscale’s GBTC fund saw significant outflows of $62.82 million, while Invesco's BTCO fund experienced withdrawals of approximately $11.56 million. The VanEck HODL fund also saw an outflow of about $5.45 million. Meanwhile, the remaining four Bitcoin ETFs saw no notable inflows on December 10.

These consistent inflows pushed the total net inflows into Bitcoin ETFs beyond the $34 billion mark, showcasing the growing interest in Bitcoin investments.

In terms of trading volume, the combined trading volume across the twelve ETFs reached around $3.78 billion on December 10. This represents a slight drop from the previous day's volume of approximately $4.35 billion, but it still highlights the significant trading activity and investor interest in Bitcoin ETFs.

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